Tat Hong Equipment Service warns of increased net loss

Tat Hong Equipment Service Co., Ltd. (HKEX:2153) issued a profit warning, indicating a significant increase in its net loss for the fiscal year ending March 31, 2025. The company anticipates a loss ranging from RMB115.0 million to RMB125.0 million, compared to a loss of RMB95.6 million for the previous year. This expected downturn is primarily attributed to a decline in revenue due to a sluggish economic growth and a slower construction sector, coupled with higher income tax expenses stemming from adjustments on deferred tax. The announcement emphasizes that the information is based on preliminary assessment and is yet to be audited or reviewed by the company's auditor or audit committee. The audited annual results are expected to be announced on Friday, June 13, 2025. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.